The Australian Financial Reviews reports that rapidly recovering US jobs and expectations of a jump in inflation are raising concerns that parts of the US economy could start to overheat, undermining the need for an extra $US3.5 trillion ($4.7 trillion) in spending proposed by Democrats this month and placing pressure on the Federal Reserve to start cutting bond purchases. The article quotes USSC trade and investment director Stephen Kirchner.
US ‘overheat’ warning puts central banks, Biden on notice
In the news by
Dr Stephen Kirchner